900 Frontage RdMeridian, MS 39301

Property Details for 900 Frontage Rd

Year built

1950

Lot size

1.25 AC

Property size (Sq ft)

5,931 SF

Property type

Motels

APN

84174000000000800

APU

84174000000000800

Description

This exceptional 1-acre commercial lot is available for lease on North Frontage Road, offering unparalleled visibility from the heavily trafficked I-20/59 interstate. The property's strategic location ensures maximum exposure to a large and diverse customer base. Its single-tenant occupancy presents a unique opportunity for businesses seeking a prominent presence in a thriving commercial area. The lot is situated in Lauderdale County, within close proximity to a range of amenities including hotels, a major shopping mall, numerous retail centers, and a variety of restaurants. This prime location provides easy access for employees and customers alike, enhancing the overall convenience and appeal of the property. The property is classified as Special Purpose, offering flexibility for a wide range of commercial uses. The single-suite building on the lot presents a streamlined and efficient operational environment. This exceptional opportunity is perfect for businesses seeking high visibility and convenient access to a bustling commercial hub. The property's size and location make it an ideal choice for a variety of commercial ventures. Don't miss this chance to establish your business in a highly desirable and strategically advantageous location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,129,221

  6.5%

  $1,042,358

  7%

  $967,904

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,037,474

  Geo Method

  $2,718,717

• Alternative Use

  Use

  Valuation

  Residential

  $1,137,952

  Hospitality

  $1,042,358

  Educational

  $867,230

  Medical

  $897,055

  Retail

  $1,349,024

Location Insight

City

Meridian

County

Lauderdale

State

Mississippi

Latitude

32.361

Longitude

-88.6803

CBSA code

32940

CBSA name

MERIDIAN, MS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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